Singapore shares add 0.4% on China policy support, trade talks hopes.
SINGAPORE equities tracked last Friday's Wall Street gains, and like its Asian counterparts, also rode tailwinds from the Chinese central bank's rate reform and positives from the US-China trade front.
Elsewhere in the Asia-Pacific, shares in Australia, China, Hong Kong, Japan and South Korea posted gains. Of the lot, the Hang Seng posted its best session in two months, advancing 2.2 per cent or 557.62 points to 26,291.84. Malaysia bucked the trend, closing lower. The local banks ended higher. DBS Group Holdings edged up five cents or 0.2 per cent to S$24.75, OCBC Bank added eight cents or 0.8 per cent to S$10.71 and United Overseas Bank closed at S$25.15, up S$0.11 or 0.4 per cent.
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